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he went in there with one goal, like ronald reagan used to do, i want one headline, don't let the middle class be held hostage. he repeated it over and over again. >> reporter: he said it 19 times. >> he didn't want the headline to be switched by adversarial press or neutral press that didn't to want go with his line to say him, adamantings president adamant on rich paying 39.6%. maybe that's why you softened up to you. just an interpretation. >> reporter: i can tell you congressional republicans were happy with his response. they like to know there is some give. here's where the give could be, chris. nobody's talked about this. i mean, there's been some behind the scenes chatter on this, which is you could see tax rates temporarily go up just not all the way to 39%. it could be somewhere in the middle. ends up being the compromise for the one year. don't forget, this is all about setting the tax rates simply for 2013, while they negotiate larger tax reform. so, that could be what the wiggle room is. obviously, republicans have said they don't want to raise tax rates at all. they're fine
he went in there with one goal, like ronald reagan used to do, i want one headline, don't let the middle class be held hostage. he repeated it over and over again. >> reporter: he said it 19 times. >> he didn't want the headline to be switched by adversarial press or neutral press that didn't to want go with his line to say him, adamantings president adamant on rich paying 39.6%. maybe that's why you softened up to you. just an interpretation. >> reporter: i can tell you...
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reagan on social security reform we can add years of solvency and to medicare and do it and increase benefits like with obama care and we need both sides to be willing. i know the democrats are willing. president obama's willing to sit down at the table. what we don't need to do i can tell you is cut benefits. that's something that i don't think is the first thing that should be put forward. we have a lot of opportunity to continue to make reforms in medicare, make sure we build in more efficiencies to the program so we can add the years of solvency. >> what about eligibility age change? >> well, eligibility age change would fall in the realm of benefit cuts. we need to focus like i said first on making sure we build in more efficiencies to the program. we have been able to from obama care make sure that with that $716 billion in savings plowed in to waste, fraud and abuse -- fighting waste, fraud and abuse we have collected more than $10 billion in fraudulent medicare payments and we can make more progress in that area, as well. >> thank you so much. i greatly appreciate you joining
reagan on social security reform we can add years of solvency and to medicare and do it and increase benefits like with obama care and we need both sides to be willing. i know the democrats are willing. president obama's willing to sit down at the table. what we don't need to do i can tell you is cut benefits. that's something that i don't think is the first thing that should be put forward. we have a lot of opportunity to continue to make reforms in medicare, make sure we build in more...
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Nov 14, 2012
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think of ronald reagan and tip o'neill reforming social security. ronald reagan and tip o'neill doing the last comprehensive tax reform. bill clinton and a republican congress doing a welfare reform and actually balancing the budget. so we look forward to making this divided government productive for the american people, and we have, of course, as everyone well knows, a lot of challenges here at the end of the year. i'll be meeting with the president and the other leadership on friday to talk about the way forward, and we lookford to being part of the solution to -- look forward to being part of the solution to these significant problems. i'll send it over to our new minority whip, senator cornyn of texas. >> thanks, mitch. it's an honor to be elected by my colleagues to serve as the whip, the assistant leader on the republican side. as leader mcconnell has said, we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solving the nation's urgent problems. we know what those are in the lame
think of ronald reagan and tip o'neill reforming social security. ronald reagan and tip o'neill doing the last comprehensive tax reform. bill clinton and a republican congress doing a welfare reform and actually balancing the budget. so we look forward to making this divided government productive for the american people, and we have, of course, as everyone well knows, a lot of challenges here at the end of the year. i'll be meeting with the president and the other leadership on friday to talk...
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we haven't touched it since ronald reagan in 1986. bill clinton did raise it at one point but we haven't done anything to touch the rate and reform -- tecum from 16.5% to 15% which most of you are aware of because you do business there, and this capital investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there are opportunities here for us as a country and if you look at the congressional budget analysts this and go to the tax committee analysis what tax reform could mean in the economic growth and all of them will lead to more growth with this corporate tax reform. estimate of the president says what he did last friday, this was fought over in the campaign and we fought over rising tax rates. jay carney said they would veto any bill that extends the current tax rate so if he insists that tax rates go out for those making over to under $50,000 will w
we haven't touched it since ronald reagan in 1986. bill clinton did raise it at one point but we haven't done anything to touch the rate and reform -- tecum from 16.5% to 15% which most of you are aware of because you do business there, and this capital investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there...
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so eisenhower, fdr, ronald reagan and barack obama. i think the idea that barack obama does not have a historic mandate when 44 men have been president and seven did what he did in two terms, he got 69 million votes the first time, 62 million votes the second time, i think he has a mandate. the things to be done that are great in this election happened to fall on the progressive side, in part because the republican party and conservatism has gone so far right things that used to be centrist, like environmentalism, which was a teddy roosevelt thing which even richard nixon was in favor of. >> john mccain. >> newt gingrich. >> these things have been now reclassed as liberal, right. the victories that the president has a chance to get which are historic, like on climate change, on immigration, are now progressive ideas because they've been left behind. >> it's now almost up to the republican party to grab a piece of that pie to say this is our victory too when in reality if they had done it earlier -- >> let's don't get in debate about th
so eisenhower, fdr, ronald reagan and barack obama. i think the idea that barack obama does not have a historic mandate when 44 men have been president and seven did what he did in two terms, he got 69 million votes the first time, 62 million votes the second time, i think he has a mandate. the things to be done that are great in this election happened to fall on the progressive side, in part because the republican party and conservatism has gone so far right things that used to be centrist,...
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we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said t
we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking...
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reagan, the outsourcing of our jobs. there are a lot of people trying to live and $10 an hour while they are getting social security, medicare, taking out of their money, and then they are told by people like paul ryan and mitt romney that that is an entitlement. to me, that is like more of a ponzi scheme if they take that away. getting back to the elephant in the room, until we start talking about structurally change in this country beyond fighting over taxes -- you can fight over moving around the chairs on the titanic, but what really needs to be done is we need to repeal the trade agreement, look at taxing goods from china, and we need to get jobs back into this country, manufacturing jobs with wages people can live on and pressure for wages to go up. right now, the pressure is for wages to go down. you are fighting over what is less of the money coming in. host: let's go to the congressman. guest: this is an important issue that was fought over in the campaign. we need to support manufacturing in this country. i com
reagan, the outsourcing of our jobs. there are a lot of people trying to live and $10 an hour while they are getting social security, medicare, taking out of their money, and then they are told by people like paul ryan and mitt romney that that is an entitlement. to me, that is like more of a ponzi scheme if they take that away. getting back to the elephant in the room, until we start talking about structurally change in this country beyond fighting over taxes -- you can fight over moving...
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. >> but in the '80s when you could elect someone like ronald reagan, i'm not sure you can do that again. some of those policies were probably responsible for what happened in the '80s. those aren't going to happen this time. >> no, in the '90s, you mean. >> no, in the '80s. if jimmy carter had been reelected i'm not sure we would've had a great period in the 1980s. i'm not sure it's our birthright to have another great -- >> well, that was the whole thing. >> mike's not going anywhere. we're going to continue our conversation with him. up next, though, stocks you need to have in your portfolio for 2013 regardless of whether the economy spirals off the fiscal cliff. that means growth companies with lots of cash to buy back stock. the details on that next. but first, take a look at shares of abercrombie today. earnings sharply better than the street forecast. a & f raising guidance, stock trading higher on that news. and michael jeffries, the ceo of that company, got that airplane. what's the song they play on the airplane? it says "take me home"? take a look at futures this morning, s&p
. >> but in the '80s when you could elect someone like ronald reagan, i'm not sure you can do that again. some of those policies were probably responsible for what happened in the '80s. those aren't going to happen this time. >> no, in the '90s, you mean. >> no, in the '80s. if jimmy carter had been reelected i'm not sure we would've had a great period in the 1980s. i'm not sure it's our birthright to have another great -- >> well, that was the whole thing. >>...
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. >> in your book you say ronald reagan lied about poverty so he could succeed. you wrote middle class folks didn't have to worry they were indulging resentment. they were doing it because those programs hurt poor people. reagan said so. do the republicans still believe this message? >> i don't know if they really believe it. i don't know if they care. they don't care about the poor, but they've been selling it for a long time, ed. i'm with michael. he is looking backwards to an america that wasn't as wonderful as he thinks, and he's becoming kind of like a glenn beck figure. he's really not leaving it alone. when he went here on election night, i thought maybe he'll get over it. the majority of americans voted for barack obama. we have values. the majority of catholics voted for barack obama. a vast majority of jews voted for president obama. he has a problem with white protestant southern evangelical people, but he doesn't have -- it's not his whole coalition is secular. we have values, too. >> professor, how can we not come to the conclusion that bill o'reilly
. >> in your book you say ronald reagan lied about poverty so he could succeed. you wrote middle class folks didn't have to worry they were indulging resentment. they were doing it because those programs hurt poor people. reagan said so. do the republicans still believe this message? >> i don't know if they really believe it. i don't know if they care. they don't care about the poor, but they've been selling it for a long time, ed. i'm with michael. he is looking backwards to an...
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. >> jimmy: any way, maybe ronald reagan will come back. >> oh, yeah! >> jimmy: just say you did it for him. at least you will have a fun conversation piece for thanksgiving for the rest of your life. thank you for talking with us, eric, appreciate your time. an individual. [ cheers and applause ] he is all right with it, i guess. and hope you are all prepared for national unfriend day, a holiday, every november 17th, i give you an opportunity to unfriend anyone on facebook who is not actually your friend. most people have some where between like four and 30 friend in your life. facebook friend can go into the thousand. time to get rid of them. these are the people you should unfriend first. went through a few last night. a friend we have all been dealing with lately, the overpolitical friend. everything this person posts is angry and politically oriented. they share links to huffington post articles you are never going to read. jam your political opinions into things that have nothing to do with politics. lakers fire coach mike brown, nice work on unem
. >> jimmy: any way, maybe ronald reagan will come back. >> oh, yeah! >> jimmy: just say you did it for him. at least you will have a fun conversation piece for thanksgiving for the rest of your life. thank you for talking with us, eric, appreciate your time. an individual. [ cheers and applause ] he is all right with it, i guess. and hope you are all prepared for national unfriend day, a holiday, every november 17th, i give you an opportunity to unfriend anyone on facebook...
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. >> ronald reagan and jack kemp -- the party of upward mobility, that didn't seem to be the republican party this year. now, maybe it was because of this very effective attack campaign against mitt romney and bain capital and 47% of all that stuff. but i think hispanics and asians -- and a lot of women, they didn't vote for the republican party not just if you are hispanic because you think their anti-immigrant, but because it doesn't seem like the kind of party that will create a country in which you are were going to have a chance to rise. it seems, by their own statement and also by the definition the democrats gave them, is a more exclusive thing. if republicans don't change that, their future is not good enough let me just say that it he would've been allowed to be out there a little bit more -- he was a jack kemp disciple. i think it's remarkable that we could reelect an african-american president with the name of barack obama at a time when you had almost 9% unemployment in the country was suffering economically. no that tells me something about who he was running against. i'm n
. >> ronald reagan and jack kemp -- the party of upward mobility, that didn't seem to be the republican party this year. now, maybe it was because of this very effective attack campaign against mitt romney and bain capital and 47% of all that stuff. but i think hispanics and asians -- and a lot of women, they didn't vote for the republican party not just if you are hispanic because you think their anti-immigrant, but because it doesn't seem like the kind of party that will create a...
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it was about values eisenhower it was about values even ronald reagan he explained the can we may not agree necessary with him but he explained the conservative values well enough for people to say i don't think i mind being voting republican this time so that's that's what that's what really has and your budget. you know budgets tell you who you are they tell you and so that ryan budget told the american people told the college students you remember the student defense loan oh yeah why did we have the student defense on because there was a little thing called but nick that just went around the globe and b b b and america and the american government said oh my god we've got to get ahead of the space race and in doing so we've got to educate our children and that's how i came up with what did they call it the student defense well people could take loans out low interest loans pay them back get a college education break poverty the g.i. bill what was was called for by many on the right at the time if you remember as socialists oh yeah yeah they had all of them so low that so scared of e
it was about values eisenhower it was about values even ronald reagan he explained the can we may not agree necessary with him but he explained the conservative values well enough for people to say i don't think i mind being voting republican this time so that's that's what that's what really has and your budget. you know budgets tell you who you are they tell you and so that ryan budget told the american people told the college students you remember the student defense loan oh yeah why did we...
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ronald reagan did it with a democratic house after a resounding second term victory. as did bill clinton with the republican controlled house and republican controlled senate after a more resounding second term victory then president obama. both examples, both of them, illustrate the rare opportunity that divided government presents. president obama can follow suit or he can take the extremist view that both reagan and clinton rejected by founding his nose at the other side and insisting that if republicans are not willing to do things his way he will not do anything at all. if the president is serious, he will follow the lead of president reagan and clinton. if he is really serious, he will put the campaign rhetoric aside, propose a realistic resolution that can pass a republican controlled house and a divided senate, and work to get it done. if the president acts in this spirit, i have no doubt he will have the support of his own party and a willing partner in hours. the american people will criticize of relief knowing not only that we have avoided a crisis, but tha
ronald reagan did it with a democratic house after a resounding second term victory. as did bill clinton with the republican controlled house and republican controlled senate after a more resounding second term victory then president obama. both examples, both of them, illustrate the rare opportunity that divided government presents. president obama can follow suit or he can take the extremist view that both reagan and clinton rejected by founding his nose at the other side and insisting that...